Brokerages Set Umicore SA (OTCMKTS:UMICY) Target Price at $60.00

Shares of Umicore SA (OTCMKTS:UMICY) have been given an average rating of “Hold” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $60.00.

Several research firms have recently weighed in on UMICY. Berenberg Bank lowered their price objective on shares of Umicore from €62.00 ($70.45) to €60.00 ($68.18) and set a “buy” rating on the stock in a research note on Wednesday, October 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Umicore in a research note on Tuesday, October 19th. Jefferies Financial Group began coverage on shares of Umicore in a research note on Thursday, October 14th. They set a “hold” rating on the stock. Redburn Partners lowered shares of Umicore from a “buy” rating to a “neutral” rating in a research note on Friday, November 12th. Finally, Morgan Stanley restated an “equal weight” rating on shares of Umicore in a research note on Thursday, August 5th.

Umicore stock opened at $12.34 on Monday. The company’s 50-day moving average is $14.18 and its 200-day moving average is $15.14. Umicore has a fifty-two week low of $10.86 and a fifty-two week high of $17.71.

Umicore Company Profile

Umicore engages in the materials technology business. It operates through the following business segments: Catalysis, Energy & Surface Technologies, Recycling, and Corporate. The Catalysis segment is consist of automotive catalysts for gasoline and diesel light and heavy duty diesel applications, including on-road and non-on-road vehicles.

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Analyst Recommendations for Umicore (OTCMKTS:UMICY)

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